{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\banks\Dropbox\White-collar JLC\r and r\replication material\replication.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res} 9 Mar 2026, 09:26:28

{com}. **Model 1**

. logit lenient revolver

{res}{txt}Iteration 0:{space 3}log likelihood = {res:-1523.6077}  
Iteration 1:{space 3}log likelihood = {res:-1496.5193}  
Iteration 2:{space 3}log likelihood = {res:-1496.4041}  
Iteration 3:{space 3}log likelihood = {res:-1496.4041}  
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,502
{txt}{col 49}LR chi2({res}1{txt}){col 67}= {res}     54.41
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log likelihood = {res}-1496.4041{txt}{col 49}Pseudo R2{col 67}= {res}    0.0179

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     lenient{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}revolver {c |}{col 14}{res}{space 2}  .653817{col 26}{space 2} .0887267{col 37}{space 1}    7.37{col 46}{space 3}0.000{col 54}{space 4} .4799158{col 67}{space 3} .8277182
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-1.137903{col 26}{space 2} .0600658{col 37}{space 1}  -18.94{col 46}{space 3}0.000{col 54}{space 4} -1.25563{col 67}{space 3}-1.020176
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. **Model 2**

. vcemway logit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.dist_num , cluster (case_num atty_num)
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,431
{txt}{col 49}Wald chi2({res}23{txt}){col 67}= {res}    210.04
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1283.1019{txt}{col 49}Pseudo R2{col 67}= {res}    0.1368

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} .4319802{col 29}{space 2} .1445518{col 40}{space 1}    2.99{col 49}{space 3}0.003{col 57}{space 4} .1486638{col 70}{space 3} .7152965
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2}  .770171{col 29}{space 2} .2773443{col 40}{space 1}    2.78{col 49}{space 3}0.005{col 57}{space 4} .2265861{col 70}{space 3} 1.313756
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2}  1.31118{col 29}{space 2}  .237913{col 40}{space 1}    5.51{col 49}{space 3}0.000{col 57}{space 4} .8448793{col 70}{space 3} 1.777481
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .4552596{col 29}{space 2} .1923157{col 40}{space 1}    2.37{col 49}{space 3}0.018{col 57}{space 4} .0783277{col 70}{space 3} .8321915
{txt}partisan_change {c |}{col 17}{res}{space 2}-1.413979{col 29}{space 2} .4970738{col 40}{space 1}   -2.84{col 49}{space 3}0.004{col 57}{space 4}-2.388226{col 70}{space 3}-.4397327
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0035953{col 29}{space 2} .0016042{col 40}{space 1}   -2.24{col 49}{space 3}0.025{col 57}{space 4}-.0067394{col 70}{space 3}-.0004511
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0072617{col 29}{space 2} .0074317{col 40}{space 1}    0.98{col 49}{space 3}0.329{col 57}{space 4}-.0073042{col 70}{space 3} .0218276
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.0915222{col 29}{space 2} .1616967{col 40}{space 1}   -0.57{col 49}{space 3}0.571{col 57}{space 4}-.4084418{col 70}{space 3} .2253975
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 12}dc  {c |}{col 17}{res}{space 2} .6506251{col 29}{space 2}  .430782{col 40}{space 1}    1.51{col 49}{space 3}0.131{col 57}{space 4}-.1936922{col 70}{space 3} 1.494942
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .8817655{col 29}{space 2} .3572136{col 40}{space 1}    2.47{col 49}{space 3}0.014{col 57}{space 4} .1816397{col 70}{space 3} 1.581891
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}-.1180705{col 29}{space 2} .4983941{col 40}{space 1}   -0.24{col 49}{space 3}0.813{col 57}{space 4}-1.094905{col 70}{space 3} .8587641
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.2422754{col 29}{space 2} .4865337{col 40}{space 1}   -0.50{col 49}{space 3}0.619{col 57}{space 4}-1.195864{col 70}{space 3} .7113131
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .3731158{col 29}{space 2} .3913153{col 40}{space 1}    0.95{col 49}{space 3}0.340{col 57}{space 4}-.3938482{col 70}{space 3}  1.14008
{txt}{space 12}md  {c |}{col 17}{res}{space 2} .2498729{col 29}{space 2} .4878945{col 40}{space 1}    0.51{col 49}{space 3}0.609{col 57}{space 4}-.7063828{col 70}{space 3} 1.206129
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} .0170921{col 29}{space 2} .3805373{col 40}{space 1}    0.04{col 49}{space 3}0.964{col 57}{space 4}-.7287474{col 70}{space 3} .7629316
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2} .8629197{col 29}{space 2} .5481673{col 40}{space 1}    1.57{col 49}{space 3}0.115{col 57}{space 4}-.2114684{col 70}{space 3} 1.937308
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2} .5960373{col 29}{space 2} .4636828{col 40}{space 1}    1.29{col 49}{space 3}0.199{col 57}{space 4}-.3127642{col 70}{space 3} 1.504839
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} 1.323633{col 29}{space 2} .6411676{col 40}{space 1}    2.06{col 49}{space 3}0.039{col 57}{space 4} .0669678{col 70}{space 3} 2.580299
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .2299058{col 29}{space 2} .3987148{col 40}{space 1}    0.58{col 49}{space 3}0.564{col 57}{space 4}-.5515608{col 70}{space 3} 1.011372
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2} .5642384{col 29}{space 2} .4352254{col 40}{space 1}    1.30{col 49}{space 3}0.195{col 57}{space 4}-.2887877{col 70}{space 3} 1.417264
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.3334692{col 29}{space 2} .4057071{col 40}{space 1}   -0.82{col 49}{space 3}0.411{col 57}{space 4}-1.128641{col 70}{space 3} .4617022
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .7520984{col 29}{space 2}  .346102{col 40}{space 1}    2.17{col 49}{space 3}0.030{col 57}{space 4} .0737511{col 70}{space 3} 1.430446
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} .7681353{col 29}{space 2} .4539961{col 40}{space 1}    1.69{col 49}{space 3}0.091{col 57}{space 4}-.1216806{col 70}{space 3} 1.657951
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-16.10406{col 29}{space 2} 14.81145{col 40}{space 1}   -1.09{col 49}{space 3}0.277{col 57}{space 4}-45.13396{col 70}{space 3} 12.92584
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1660
{txt}      Number of clusters in atty_num     = {res}1086
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    chi2() and Prob > chi2 above only account for one-way clustering on case_num.
      Use {helpb test} to compute chi2() and Prob > chi2 that account for 2-way clustering.

{com}. **Model 3**

. vcemway logit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.area_of_law , cluster (case_num atty_num)
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,339
{txt}{col 49}Wald chi2({res}11{txt}){col 67}= {res}    193.81
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1204.4533{txt}{col 49}Pseudo R2{col 67}= {res}    0.1611

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} .3101294{col 29}{space 2} .1487886{col 40}{space 1}    2.08{col 49}{space 3}0.037{col 57}{space 4} .0185091{col 70}{space 3} .6017497
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} .5327642{col 29}{space 2} .2684666{col 40}{space 1}    1.98{col 49}{space 3}0.047{col 57}{space 4} .0065793{col 70}{space 3} 1.058949
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 1.374242{col 29}{space 2} .2348258{col 40}{space 1}    5.85{col 49}{space 3}0.000{col 57}{space 4} .9139922{col 70}{space 3} 1.834493
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .4256214{col 29}{space 2}  .198949{col 40}{space 1}    2.14{col 49}{space 3}0.032{col 57}{space 4} .0356886{col 70}{space 3} .8155542
{txt}partisan_change {c |}{col 17}{res}{space 2}-1.146522{col 29}{space 2} .5238157{col 40}{space 1}   -2.19{col 49}{space 3}0.029{col 57}{space 4}-2.173182{col 70}{space 3}-.1198626
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0028995{col 29}{space 2}  .001614{col 40}{space 1}   -1.80{col 49}{space 3}0.072{col 57}{space 4} -.006063{col 70}{space 3}  .000264
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0063704{col 29}{space 2} .0082308{col 40}{space 1}    0.77{col 49}{space 3}0.439{col 57}{space 4}-.0097616{col 70}{space 3} .0225024
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.1021695{col 29}{space 2} .1650035{col 40}{space 1}   -0.62{col 49}{space 3}0.536{col 57}{space 4}-.4255704{col 70}{space 3} .2212313
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 7.09e-14{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-1.39e-13{col 70}{space 3} 1.39e-13
{txt}{space 13}2  {c |}{col 17}{res}{space 2}-.9325878{col 29}{space 2}   .28854{col 40}{space 1}   -3.23{col 49}{space 3}0.001{col 57}{space 4}-1.498116{col 70}{space 3}-.3670597
{txt}{space 13}3  {c |}{col 17}{res}{space 2}-2.241023{col 29}{space 2} .3451466{col 40}{space 1}   -6.49{col 49}{space 3}0.000{col 57}{space 4}-2.917498{col 70}{space 3}-1.564548
{txt}{space 13}4  {c |}{col 17}{res}{space 2} -.617733{col 29}{space 2}   .21644{col 40}{space 1}   -2.85{col 49}{space 3}0.004{col 57}{space 4}-1.041948{col 70}{space 3}-.1935185
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-13.36712{col 29}{space 2} 16.40367{col 40}{space 1}   -0.81{col 49}{space 3}0.415{col 57}{space 4}-45.51772{col 70}{space 3} 18.78347
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    chi2() and Prob > chi2 above only account for one-way clustering on case_num.
      Use {helpb test} to compute chi2() and Prob > chi2 that account for 2-way clustering.

{com}. **Model 4**

. vcemway logit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.area_of_law i.dist_num, cluster (case_num atty_num)
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,339
{txt}{col 49}Wald chi2({res}26{txt}){col 67}= {res}    214.47
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res} -1171.136{txt}{col 49}Pseudo R2{col 67}= {res}    0.1843

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} .2841271{col 29}{space 2} .1463646{col 40}{space 1}    1.94{col 49}{space 3}0.052{col 57}{space 4}-.0027422{col 70}{space 3} .5709964
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} .4955886{col 29}{space 2} .2813924{col 40}{space 1}    1.76{col 49}{space 3}0.078{col 57}{space 4}-.0559304{col 70}{space 3} 1.047108
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 1.381696{col 29}{space 2} .2398773{col 40}{space 1}    5.76{col 49}{space 3}0.000{col 57}{space 4}  .911545{col 70}{space 3} 1.851847
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .4035158{col 29}{space 2} .2057955{col 40}{space 1}    1.96{col 49}{space 3}0.050{col 57}{space 4}  .000164{col 70}{space 3} .8068676
{txt}partisan_change {c |}{col 17}{res}{space 2}  -1.3241{col 29}{space 2} .4404782{col 40}{space 1}   -3.01{col 49}{space 3}0.003{col 57}{space 4}-2.187421{col 70}{space 3}-.4607782
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0024291{col 29}{space 2} .0015947{col 40}{space 1}   -1.52{col 49}{space 3}0.128{col 57}{space 4}-.0055547{col 70}{space 3} .0006964
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0043937{col 29}{space 2} .0076396{col 40}{space 1}    0.58{col 49}{space 3}0.565{col 57}{space 4}-.0105796{col 70}{space 3} .0193669
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.1028755{col 29}{space 2} .1599191{col 40}{space 1}   -0.64{col 49}{space 3}0.520{col 57}{space 4}-.4163112{col 70}{space 3} .2105602
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}2  {c |}{col 17}{res}{space 2}-1.031116{col 29}{space 2} .3026153{col 40}{space 1}   -3.41{col 49}{space 3}0.001{col 57}{space 4}-1.624231{col 70}{space 3}-.4380006
{txt}{space 13}3  {c |}{col 17}{res}{space 2}-2.189194{col 29}{space 2} .3343579{col 40}{space 1}   -6.55{col 49}{space 3}0.000{col 57}{space 4}-2.844524{col 70}{space 3}-1.533865
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.5674365{col 29}{space 2} .2274718{col 40}{space 1}   -2.49{col 49}{space 3}0.013{col 57}{space 4}-1.013273{col 70}{space 3}   -.1216
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 12}dc  {c |}{col 17}{res}{space 2} .5994674{col 29}{space 2} .4647261{col 40}{space 1}    1.29{col 49}{space 3}0.197{col 57}{space 4} -.311379{col 70}{space 3} 1.510314
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .4061219{col 29}{space 2} .3719634{col 40}{space 1}    1.09{col 49}{space 3}0.275{col 57}{space 4} -.322913{col 70}{space 3} 1.135157
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}-.4993651{col 29}{space 2} .5635876{col 40}{space 1}   -0.89{col 49}{space 3}0.376{col 57}{space 4}-1.603977{col 70}{space 3} .6052463
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.3818963{col 29}{space 2} .5480235{col 40}{space 1}   -0.70{col 49}{space 3}0.486{col 57}{space 4}-1.456003{col 70}{space 3} .6922099
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .2302952{col 29}{space 2} .3896269{col 40}{space 1}    0.59{col 49}{space 3}0.554{col 57}{space 4}-.5333595{col 70}{space 3} .9939498
{txt}{space 12}md  {c |}{col 17}{res}{space 2} .0090778{col 29}{space 2} .4644958{col 40}{space 1}    0.02{col 49}{space 3}0.984{col 57}{space 4}-.9013172{col 70}{space 3} .9194729
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} -.041108{col 29}{space 2} .3923913{col 40}{space 1}   -0.10{col 49}{space 3}0.917{col 57}{space 4}-.8101809{col 70}{space 3} .7279649
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}  .435464{col 29}{space 2} .5009867{col 40}{space 1}    0.87{col 49}{space 3}0.385{col 57}{space 4}-.5464519{col 70}{space 3}  1.41738
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2} .3766416{col 29}{space 2} .4759829{col 40}{space 1}    0.79{col 49}{space 3}0.429{col 57}{space 4}-.5562677{col 70}{space 3} 1.309551
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} 1.084119{col 29}{space 2} .6096145{col 40}{space 1}    1.78{col 49}{space 3}0.075{col 57}{space 4} -.110704{col 70}{space 3} 2.278941
{txt}{space 12}nj  {c |}{col 17}{res}{space 2}-.0080124{col 29}{space 2}  .396417{col 40}{space 1}   -0.02{col 49}{space 3}0.984{col 57}{space 4}-.7849754{col 70}{space 3} .7689506
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2} .1651499{col 29}{space 2} .4362955{col 40}{space 1}    0.38{col 49}{space 3}0.705{col 57}{space 4}-.6899736{col 70}{space 3} 1.020273
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.6537267{col 29}{space 2} .4101973{col 40}{space 1}   -1.59{col 49}{space 3}0.111{col 57}{space 4}-1.457699{col 70}{space 3} .1502452
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .4504629{col 29}{space 2} .3576887{col 40}{space 1}    1.26{col 49}{space 3}0.208{col 57}{space 4}-.2505941{col 70}{space 3}  1.15152
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} .7742281{col 29}{space 2} .4885146{col 40}{space 1}    1.58{col 49}{space 3}0.113{col 57}{space 4} -.183243{col 70}{space 3} 1.731699
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-9.590559{col 29}{space 2} 15.23602{col 40}{space 1}   -0.63{col 49}{space 3}0.529{col 57}{space 4}-39.45261{col 70}{space 3} 20.27149
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    chi2() and Prob > chi2 above only account for one-way clustering on case_num.
      Use {helpb test} to compute chi2() and Prob > chi2 that account for 2-way clustering.

{com}. **Model 5**

. vcemway logit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.area_of_law i.dist_num year_1 year_2 year_3 year_4 , cluster (case_num atty_num)
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,339
{txt}{col 49}Wald chi2({res}30{txt}){col 67}= {res}    209.00
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1159.5008{txt}{col 49}Pseudo R2{col 67}= {res}    0.1924

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} .3981387{col 29}{space 2} .1517699{col 40}{space 1}    2.62{col 49}{space 3}0.009{col 57}{space 4} .1006751{col 70}{space 3} .6956023
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2}  .446472{col 29}{space 2} .2875613{col 40}{space 1}    1.55{col 49}{space 3}0.121{col 57}{space 4}-.1171378{col 70}{space 3} 1.010082
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 1.365819{col 29}{space 2} .2436454{col 40}{space 1}    5.61{col 49}{space 3}0.000{col 57}{space 4} .8882825{col 70}{space 3} 1.843355
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .3401025{col 29}{space 2} .2068956{col 40}{space 1}    1.64{col 49}{space 3}0.100{col 57}{space 4}-.0654053{col 70}{space 3} .7456104
{txt}partisan_change {c |}{col 17}{res}{space 2}-1.216303{col 29}{space 2} .4490073{col 40}{space 1}   -2.71{col 49}{space 3}0.007{col 57}{space 4}-2.096341{col 70}{space 3}-.3362648
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0026727{col 29}{space 2} .0016491{col 40}{space 1}   -1.62{col 49}{space 3}0.105{col 57}{space 4}-.0059049{col 70}{space 3} .0005595
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2}-.0102584{col 29}{space 2} .0085551{col 40}{space 1}   -1.20{col 49}{space 3}0.230{col 57}{space 4}-.0270262{col 70}{space 3} .0065093
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.1134599{col 29}{space 2} .1591188{col 40}{space 1}   -0.71{col 49}{space 3}0.476{col 57}{space 4}-.4253269{col 70}{space 3} .1984071
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 1.31e-07{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-2.56e-07{col 70}{space 3} 2.56e-07
{txt}{space 13}2  {c |}{col 17}{res}{space 2}-1.013634{col 29}{space 2} .2951645{col 40}{space 1}   -3.43{col 49}{space 3}0.001{col 57}{space 4}-1.592145{col 70}{space 3}-.4351219
{txt}{space 13}3  {c |}{col 17}{res}{space 2} -2.20135{col 29}{space 2}  .330962{col 40}{space 1}   -6.65{col 49}{space 3}0.000{col 57}{space 4}-2.850024{col 70}{space 3}-1.552677
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.5767412{col 29}{space 2} .2244369{col 40}{space 1}   -2.57{col 49}{space 3}0.010{col 57}{space 4}-1.016629{col 70}{space 3} -.136853
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 10}cdca  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 1.16e-08{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-2.27e-08{col 70}{space 3} 2.27e-08
{txt}{space 12}dc  {c |}{col 17}{res}{space 2} .5936778{col 29}{space 2} .4522788{col 40}{space 1}    1.31{col 49}{space 3}0.189{col 57}{space 4}-.2927724{col 70}{space 3} 1.480128
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .3901173{col 29}{space 2} .3701204{col 40}{space 1}    1.05{col 49}{space 3}0.292{col 57}{space 4}-.3353053{col 70}{space 3}  1.11554
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}-.4961399{col 29}{space 2} .5514209{col 40}{space 1}   -0.90{col 49}{space 3}0.368{col 57}{space 4}-1.576905{col 70}{space 3} .5846253
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.2421828{col 29}{space 2} .5784465{col 40}{space 1}   -0.42{col 49}{space 3}0.675{col 57}{space 4}-1.375917{col 70}{space 3} .8915514
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .1805807{col 29}{space 2} .3826032{col 40}{space 1}    0.47{col 49}{space 3}0.637{col 57}{space 4}-.5693078{col 70}{space 3} .9304692
{txt}{space 12}md  {c |}{col 17}{res}{space 2} .0250369{col 29}{space 2} .4440232{col 40}{space 1}    0.06{col 49}{space 3}0.955{col 57}{space 4}-.8452326{col 70}{space 3} .8953064
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} .0908527{col 29}{space 2} .3940341{col 40}{space 1}    0.23{col 49}{space 3}0.818{col 57}{space 4}-.6814399{col 70}{space 3} .8631454
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}   .46279{col 29}{space 2} .4959513{col 40}{space 1}    0.93{col 49}{space 3}0.351{col 57}{space 4}-.5092567{col 70}{space 3} 1.434837
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2} .3758452{col 29}{space 2} .4652274{col 40}{space 1}    0.81{col 49}{space 3}0.419{col 57}{space 4}-.5359836{col 70}{space 3} 1.287674
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} 1.068134{col 29}{space 2} .6028923{col 40}{space 1}    1.77{col 49}{space 3}0.076{col 57}{space 4}-.1135127{col 70}{space 3} 2.249782
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .0670141{col 29}{space 2} .3958401{col 40}{space 1}    0.17{col 49}{space 3}0.866{col 57}{space 4}-.7088182{col 70}{space 3} .8428465
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2} .0977085{col 29}{space 2}  .434698{col 40}{space 1}    0.22{col 49}{space 3}0.822{col 57}{space 4}-.7542839{col 70}{space 3}  .949701
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.5818582{col 29}{space 2} .4040351{col 40}{space 1}   -1.44{col 49}{space 3}0.150{col 57}{space 4}-1.373752{col 70}{space 3} .2100361
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .4833653{col 29}{space 2} .3553258{col 40}{space 1}    1.36{col 49}{space 3}0.174{col 57}{space 4}-.2130605{col 70}{space 3} 1.179791
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} .7581642{col 29}{space 2} .4901082{col 40}{space 1}    1.55{col 49}{space 3}0.122{col 57}{space 4}-.2024301{col 70}{space 3} 1.718759
{txt}{space 15} {c |}
{space 9}year_1 {c |}{col 17}{res}{space 2} .2050672{col 29}{space 2} .1515212{col 40}{space 1}    1.35{col 49}{space 3}0.176{col 57}{space 4} -.091909{col 70}{space 3} .5020433
{txt}{space 9}year_2 {c |}{col 17}{res}{space 2}-.8655621{col 29}{space 2}  .824265{col 40}{space 1}   -1.05{col 49}{space 3}0.294{col 57}{space 4}-2.481092{col 70}{space 3} .7499676
{txt}{space 9}year_3 {c |}{col 17}{res}{space 2} 2.516755{col 29}{space 2} 2.576215{col 40}{space 1}    0.98{col 49}{space 3}0.329{col 57}{space 4}-2.532534{col 70}{space 3} 7.566044
{txt}{space 9}year_4 {c |}{col 17}{res}{space 2} -2.23681{col 29}{space 2} 2.721315{col 40}{space 1}   -0.82{col 49}{space 3}0.411{col 57}{space 4}-7.570489{col 70}{space 3} 3.096869
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-391.7683{col 29}{space 2} 300.1836{col 40}{space 1}   -1.31{col 49}{space 3}0.192{col 57}{space 4}-980.1174{col 70}{space 3} 196.5808
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    chi2() and Prob > chi2 above only account for one-way clustering on case_num.
      Use {helpb test} to compute chi2() and Prob > chi2 that account for 2-way clustering.

{com}. **Model 6**

. vcemway logit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change rev_predv2 i.area_of_law i.dist_num year_1 year_2 year_3 year_4 , cluster (case_num atty_num)
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,339
{txt}{col 49}Wald chi2({res}28{txt}){col 67}= {res}    203.43
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1163.0512{txt}{col 49}Pseudo R2{col 67}= {res}    0.1899

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} .3757309{col 29}{space 2} .1535893{col 40}{space 1}    2.45{col 49}{space 3}0.014{col 57}{space 4} .0747015{col 70}{space 3} .6767603
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} .4445829{col 29}{space 2} .2859201{col 40}{space 1}    1.55{col 49}{space 3}0.120{col 57}{space 4}-.1158101{col 70}{space 3} 1.004976
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 1.370622{col 29}{space 2} .2436889{col 40}{space 1}    5.62{col 49}{space 3}0.000{col 57}{space 4} .8930007{col 70}{space 3} 1.848244
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .3445786{col 29}{space 2} .2070903{col 40}{space 1}    1.66{col 49}{space 3}0.096{col 57}{space 4}-.0613109{col 70}{space 3} .7504681
{txt}partisan_change {c |}{col 17}{res}{space 2}-1.219651{col 29}{space 2} .4544605{col 40}{space 1}   -2.68{col 49}{space 3}0.007{col 57}{space 4}-2.110378{col 70}{space 3}-.3289251
{txt}{space 5}rev_predv2 {c |}{col 17}{res}{space 2} .0930363{col 29}{space 2} .4668903{col 40}{space 1}    0.20{col 49}{space 3}0.842{col 57}{space 4}-.8220519{col 70}{space 3} 1.008124
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 1.57e-09{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-3.08e-09{col 70}{space 3} 3.08e-09
{txt}{space 13}2  {c |}{col 17}{res}{space 2} -1.04738{col 29}{space 2}  .294586{col 40}{space 1}   -3.56{col 49}{space 3}0.000{col 57}{space 4}-1.624758{col 70}{space 3}-.4700017
{txt}{space 13}3  {c |}{col 17}{res}{space 2}-2.205359{col 29}{space 2} .3330852{col 40}{space 1}   -6.62{col 49}{space 3}0.000{col 57}{space 4}-2.858194{col 70}{space 3}-1.552524
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.5877601{col 29}{space 2} .2251498{col 40}{space 1}   -2.61{col 49}{space 3}0.009{col 57}{space 4}-1.029046{col 70}{space 3}-.1464745
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 10}cdca  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 9.22e-11{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-1.81e-10{col 70}{space 3} 1.81e-10
{txt}{space 12}dc  {c |}{col 17}{res}{space 2} .6293007{col 29}{space 2} .4609652{col 40}{space 1}    1.37{col 49}{space 3}0.172{col 57}{space 4}-.2741744{col 70}{space 3} 1.532776
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .3435167{col 29}{space 2} .3796594{col 40}{space 1}    0.90{col 49}{space 3}0.366{col 57}{space 4} -.400602{col 70}{space 3} 1.087635
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}-.4863866{col 29}{space 2}  .554352{col 40}{space 1}   -0.88{col 49}{space 3}0.380{col 57}{space 4}-1.572897{col 70}{space 3} .6001234
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.2247033{col 29}{space 2} .5762282{col 40}{space 1}   -0.39{col 49}{space 3}0.697{col 57}{space 4} -1.35409{col 70}{space 3} .9046832
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .2128324{col 29}{space 2} .3810838{col 40}{space 1}    0.56{col 49}{space 3}0.577{col 57}{space 4}-.5340781{col 70}{space 3} .9597429
{txt}{space 12}md  {c |}{col 17}{res}{space 2} .0628965{col 29}{space 2}  .449748{col 40}{space 1}    0.14{col 49}{space 3}0.889{col 57}{space 4}-.8185934{col 70}{space 3} .9443864
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} .0780746{col 29}{space 2}  .396636{col 40}{space 1}    0.20{col 49}{space 3}0.844{col 57}{space 4}-.6993176{col 70}{space 3} .8554668
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2} .4091844{col 29}{space 2} .5014823{col 40}{space 1}    0.82{col 49}{space 3}0.415{col 57}{space 4}-.5737027{col 70}{space 3} 1.392072
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2} .3754783{col 29}{space 2} .4755535{col 40}{space 1}    0.79{col 49}{space 3}0.430{col 57}{space 4}-.5565894{col 70}{space 3} 1.307546
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} 1.105744{col 29}{space 2} .6013053{col 40}{space 1}    1.84{col 49}{space 3}0.066{col 57}{space 4}-.0727929{col 70}{space 3}  2.28428
{txt}{space 12}nj  {c |}{col 17}{res}{space 2}-.0024751{col 29}{space 2} .4025291{col 40}{space 1}   -0.01{col 49}{space 3}0.995{col 57}{space 4}-.7914177{col 70}{space 3} .7864674
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-.0064942{col 29}{space 2} .4433544{col 40}{space 1}   -0.01{col 49}{space 3}0.988{col 57}{space 4}-.8754528{col 70}{space 3} .8624645
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.6076742{col 29}{space 2} .4081273{col 40}{space 1}   -1.49{col 49}{space 3}0.137{col 57}{space 4}-1.407589{col 70}{space 3} .1922406
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .4514045{col 29}{space 2} .3689038{col 40}{space 1}    1.22{col 49}{space 3}0.221{col 57}{space 4}-.2716337{col 70}{space 3} 1.174443
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} .7005286{col 29}{space 2} .4937227{col 40}{space 1}    1.42{col 49}{space 3}0.156{col 57}{space 4}-.2671501{col 70}{space 3} 1.668207
{txt}{space 15} {c |}
{space 9}year_1 {c |}{col 17}{res}{space 2} .1863274{col 29}{space 2} .1471811{col 40}{space 1}    1.27{col 49}{space 3}0.206{col 57}{space 4}-.1021423{col 70}{space 3} .4747971
{txt}{space 9}year_2 {c |}{col 17}{res}{space 2}-.7984304{col 29}{space 2} .8202246{col 40}{space 1}   -0.97{col 49}{space 3}0.330{col 57}{space 4}-2.406041{col 70}{space 3} .8091803
{txt}{space 9}year_3 {c |}{col 17}{res}{space 2} 2.304093{col 29}{space 2} 2.584607{col 40}{space 1}    0.89{col 49}{space 3}0.373{col 57}{space 4}-2.761643{col 70}{space 3} 7.369829
{txt}{space 9}year_4 {c |}{col 17}{res}{space 2}-2.015106{col 29}{space 2} 2.756923{col 40}{space 1}   -0.73{col 49}{space 3}0.465{col 57}{space 4}-7.418576{col 70}{space 3} 3.388363
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-374.7743{col 29}{space 2} 294.9786{col 40}{space 1}   -1.27{col 49}{space 3}0.204{col 57}{space 4}-952.9218{col 70}{space 3} 203.3732
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    chi2() and Prob > chi2 above only account for one-way clustering on case_num.
      Use {helpb test} to compute chi2() and Prob > chi2 that account for 2-way clustering.

{com}. **Model 7**

. reg ln_total_pay revolver

{txt}      Source {c |}       SS           df       MS      Number of obs   ={res}     2,484
{txt}{hline 13}{c +}{hline 34}   F(1, 2482)      = {res}     0.06
{txt}       Model {c |} {res}  2.5068613         1   2.5068613   {txt}Prob > F        ={res}    0.8084
{txt}    Residual {c |} {res} 105777.429     2,482  42.6178198   {txt}R-squared       ={res}    0.0000
{txt}{hline 13}{c +}{hline 34}   Adj R-squared   ={res}   -0.0004
{txt}       Total {c |} {res} 105779.936     2,483  42.6016655   {txt}Root MSE        =   {res} 6.5282

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}ln_total_pay{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}revolver {c |}{col 14}{res}{space 2} .0648745{col 26}{space 2} .2674882{col 37}{space 1}    0.24{col 46}{space 3}0.808{col 54}{space 4}-.4596486{col 67}{space 3} .5893976
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 10.64383{col 26}{space 2} .1689529{col 37}{space 1}   63.00{col 46}{space 3}0.000{col 54}{space 4} 10.31252{col 67}{space 3} 10.97513
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{com}. **Model 8**

. vcemway reg ln_total_pay revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.dist_num  , cluster (case_num atty_num)
{res}
{txt}Linear regression                               Number of obs     = {res}     2,431
                                                {txt}F(23, 1659)       =  {res}     9.80
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1491
                                                {txt}Root MSE          =    {res}  6.051

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}   ln_total_pay{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2} -.896291{col 29}{space 2} .3479147{col 40}{space 1}   -2.58{col 49}{space 3}0.010{col 57}{space 4}-1.578953{col 70}{space 3}-.2136292
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} 2.198627{col 29}{space 2} .8098886{col 40}{space 1}    2.71{col 49}{space 3}0.007{col 57}{space 4} .6095016{col 70}{space 3} 3.787752
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 3.595305{col 29}{space 2} .6730911{col 40}{space 1}    5.34{col 49}{space 3}0.000{col 57}{space 4} 2.274597{col 70}{space 3} 4.916013
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} 1.718285{col 29}{space 2}  .420745{col 40}{space 1}    4.08{col 49}{space 3}0.000{col 57}{space 4} .8927188{col 70}{space 3} 2.543851
{txt}partisan_change {c |}{col 17}{res}{space 2} .4791921{col 29}{space 2} .5341884{col 40}{space 1}    0.90{col 49}{space 3}0.370{col 57}{space 4}-.5689672{col 70}{space 3} 1.527351
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0053602{col 29}{space 2} .0039425{col 40}{space 1}   -1.36{col 49}{space 3}0.174{col 57}{space 4}-.0130959{col 70}{space 3} .0023755
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0383062{col 29}{space 2} .0185101{col 40}{space 1}    2.07{col 49}{space 3}0.039{col 57}{space 4} .0019866{col 70}{space 3} .0746259
{txt}{space 10}woman {c |}{col 17}{res}{space 2} .0224297{col 29}{space 2} .3693274{col 40}{space 1}    0.06{col 49}{space 3}0.952{col 57}{space 4}-.7022471{col 70}{space 3} .7471065
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 12}dc  {c |}{col 17}{res}{space 2} 1.701458{col 29}{space 2} .9084878{col 40}{space 1}    1.87{col 49}{space 3}0.061{col 57}{space 4}-.0811338{col 70}{space 3}  3.48405
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} 1.340304{col 29}{space 2} 1.044887{col 40}{space 1}    1.28{col 49}{space 3}0.200{col 57}{space 4}-.7099236{col 70}{space 3} 3.390533
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}  1.34053{col 29}{space 2} .9857744{col 40}{space 1}    1.36{col 49}{space 3}0.174{col 57}{space 4}-.5937099{col 70}{space 3}  3.27477
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-1.353791{col 29}{space 2} 1.017222{col 40}{space 1}   -1.33{col 49}{space 3}0.184{col 57}{space 4}-3.349737{col 70}{space 3} .6421545
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} 1.282345{col 29}{space 2} .9307519{col 40}{space 1}    1.38{col 49}{space 3}0.169{col 57}{space 4}-.5439328{col 70}{space 3} 3.108622
{txt}{space 12}md  {c |}{col 17}{res}{space 2} 1.458275{col 29}{space 2} 1.404483{col 40}{space 1}    1.04{col 49}{space 3}0.299{col 57}{space 4}-1.297535{col 70}{space 3} 4.214085
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} 1.370377{col 29}{space 2} .9413619{col 40}{space 1}    1.46{col 49}{space 3}0.146{col 57}{space 4}-.4767193{col 70}{space 3} 3.217472
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}-1.476405{col 29}{space 2} 1.363851{col 40}{space 1}   -1.08{col 49}{space 3}0.279{col 57}{space 4}-4.152489{col 70}{space 3} 1.199679
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2}-.3914147{col 29}{space 2}  1.12856{col 40}{space 1}   -0.35{col 49}{space 3}0.729{col 57}{space 4}-2.605821{col 70}{space 3} 1.822992
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2}-.9215002{col 29}{space 2} .9661815{col 40}{space 1}   -0.95{col 49}{space 3}0.340{col 57}{space 4}-2.817296{col 70}{space 3} .9742956
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .3743886{col 29}{space 2} 1.007368{col 40}{space 1}    0.37{col 49}{space 3}0.710{col 57}{space 4}-1.602221{col 70}{space 3} 2.350998
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-1.491721{col 29}{space 2} 1.139247{col 40}{space 1}   -1.31{col 49}{space 3}0.191{col 57}{space 4}-3.727097{col 70}{space 3} .7436561
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-1.342365{col 29}{space 2} .8152116{col 40}{space 1}   -1.65{col 49}{space 3}0.100{col 57}{space 4}-2.941934{col 70}{space 3} .2572051
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} 1.517373{col 29}{space 2} .9292038{col 40}{space 1}    1.63{col 49}{space 3}0.103{col 57}{space 4}-.3058666{col 70}{space 3} 3.340613
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} 1.539916{col 29}{space 2} .9813623{col 40}{space 1}    1.57{col 49}{space 3}0.117{col 57}{space 4}-.3856663{col 70}{space 3} 3.465499
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-66.87432{col 29}{space 2} 36.95952{col 40}{space 1}   -1.81{col 49}{space 3}0.071{col 57}{space 4}-139.3945{col 70}{space 3} 5.645906
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1660
{txt}      Number of clusters in atty_num     = {res}1086
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    Residual degrees of freedom for t tests and F tests = {res}1085
{txt}
    F(,) and Prob > F above only account for one-way clustering on case_num.
      Use {helpb test} to compute F(,) and Prob > F that account for 2-way clustering.

{com}. **Model 9**

. vcemway reg ln_total_pay revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.area_of_law , cluster (case_num atty_num)
{res}
{txt}Linear regression                               Number of obs     = {res}     2,339
                                                {txt}F(11, 1587)       =  {res}    19.74
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1329
                                                {txt}Root MSE          =    {res} 6.1205

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}   ln_total_pay{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2}-.4935758{col 29}{space 2} .3831915{col 40}{space 1}   -1.29{col 49}{space 3}0.198{col 57}{space 4}-1.245482{col 70}{space 3} .2583308
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} 2.660341{col 29}{space 2}  .821957{col 40}{space 1}    3.24{col 49}{space 3}0.001{col 57}{space 4} 1.047479{col 70}{space 3} 4.273203
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 3.853797{col 29}{space 2} .6565256{col 40}{space 1}    5.87{col 49}{space 3}0.000{col 57}{space 4} 2.565548{col 70}{space 3} 5.142046
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} 2.285914{col 29}{space 2} .4639937{col 40}{space 1}    4.93{col 49}{space 3}0.000{col 57}{space 4} 1.375456{col 70}{space 3} 3.196373
{txt}partisan_change {c |}{col 17}{res}{space 2} .3390144{col 29}{space 2} .5745813{col 40}{space 1}    0.59{col 49}{space 3}0.555{col 57}{space 4}-.7884414{col 70}{space 3}  1.46647
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0103723{col 29}{space 2} .0042724{col 40}{space 1}   -2.43{col 49}{space 3}0.015{col 57}{space 4}-.0187558{col 70}{space 3}-.0019888
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0469842{col 29}{space 2} .0182118{col 40}{space 1}    2.58{col 49}{space 3}0.010{col 57}{space 4} .0112485{col 70}{space 3} .0827198
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.1490914{col 29}{space 2} .3757401{col 40}{space 1}   -0.40{col 49}{space 3}0.692{col 57}{space 4}-.8863767{col 70}{space 3} .5881938
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 2.03e-13{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-3.99e-13{col 70}{space 3} 3.99e-13
{txt}{space 13}2  {c |}{col 17}{res}{space 2} 1.488091{col 29}{space 2} .6060971{col 40}{space 1}    2.46{col 49}{space 3}0.014{col 57}{space 4}  .298794{col 70}{space 3} 2.677388
{txt}{space 13}3  {c |}{col 17}{res}{space 2} 1.813295{col 29}{space 2}  .544713{col 40}{space 1}    3.33{col 49}{space 3}0.001{col 57}{space 4} .7444475{col 70}{space 3} 2.882142
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.2958097{col 29}{space 2} .5988161{col 40}{space 1}   -0.49{col 49}{space 3}0.621{col 57}{space 4} -1.47082{col 70}{space 3} .8792002
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-84.65615{col 29}{space 2} 36.25796{col 40}{space 1}   -2.33{col 49}{space 3}0.020{col 57}{space 4}-155.8023{col 70}{space 3}-13.50999
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    Residual degrees of freedom for t tests and F tests = {res}1052
{txt}
    F(,) and Prob > F above only account for one-way clustering on case_num.
      Use {helpb test} to compute F(,) and Prob > F that account for 2-way clustering.

{com}. vcemway reg ln_total_pay revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.dist_num i.area_of_law , cluster (case_num atty_num)
{res}
{txt}Linear regression                               Number of obs     = {res}     2,339
                                                {txt}F(26, 1587)       =  {res}    10.32
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1620
                                                {txt}Root MSE          =    {res} 6.0364

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}   ln_total_pay{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2}-.8269972{col 29}{space 2}   .36216{col 40}{space 1}   -2.28{col 49}{space 3}0.023{col 57}{space 4}-1.537635{col 70}{space 3} -.116359
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} 2.210513{col 29}{space 2} .8410055{col 40}{space 1}    2.63{col 49}{space 3}0.009{col 57}{space 4} .5602737{col 70}{space 3} 3.860752
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 3.640756{col 29}{space 2} .6911048{col 40}{space 1}    5.27{col 49}{space 3}0.000{col 57}{space 4} 2.284656{col 70}{space 3} 4.996857
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} 1.787203{col 29}{space 2} .4387176{col 40}{space 1}    4.07{col 49}{space 3}0.000{col 57}{space 4} .9263416{col 70}{space 3} 2.648064
{txt}partisan_change {c |}{col 17}{res}{space 2} .2773081{col 29}{space 2}  .546029{col 40}{space 1}    0.51{col 49}{space 3}0.612{col 57}{space 4}-.7941217{col 70}{space 3} 1.348738
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0068041{col 29}{space 2} .0039607{col 40}{space 1}   -1.72{col 49}{space 3}0.086{col 57}{space 4}-.0145759{col 70}{space 3} .0009678
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0435249{col 29}{space 2} .0186361{col 40}{space 1}    2.34{col 49}{space 3}0.020{col 57}{space 4} .0069568{col 70}{space 3}  .080093
{txt}{space 10}woman {c |}{col 17}{res}{space 2} -.072717{col 29}{space 2} .3659786{col 40}{space 1}   -0.20{col 49}{space 3}0.843{col 57}{space 4}-.7908482{col 70}{space 3} .6454141
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 10}cdca  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 1.23e-09{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-2.42e-09{col 70}{space 3} 2.42e-09
{txt}{space 12}dc  {c |}{col 17}{res}{space 2} 1.591959{col 29}{space 2} .9433053{col 40}{space 1}    1.69{col 49}{space 3}0.092{col 57}{space 4}-.2590152{col 70}{space 3} 3.442933
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} 1.786068{col 29}{space 2} 1.042298{col 40}{space 1}    1.71{col 49}{space 3}0.087{col 57}{space 4} -.259152{col 70}{space 3} 3.831288
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2} 1.558807{col 29}{space 2} 1.017631{col 40}{space 1}    1.53{col 49}{space 3}0.126{col 57}{space 4} -.438009{col 70}{space 3} 3.555624
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-1.572193{col 29}{space 2} 1.077676{col 40}{space 1}   -1.46{col 49}{space 3}0.145{col 57}{space 4}-3.686832{col 70}{space 3} .5424459
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} 1.905811{col 29}{space 2} .9699103{col 40}{space 1}    1.96{col 49}{space 3}0.050{col 57}{space 4} .0026318{col 70}{space 3} 3.808989
{txt}{space 12}md  {c |}{col 17}{res}{space 2} 1.562461{col 29}{space 2} 1.342104{col 40}{space 1}    1.16{col 49}{space 3}0.245{col 57}{space 4}-1.071044{col 70}{space 3} 4.195966
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} 1.091228{col 29}{space 2} .9545528{col 40}{space 1}    1.14{col 49}{space 3}0.253{col 57}{space 4}-.7818164{col 70}{space 3} 2.964272
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}-1.113949{col 29}{space 2} 1.357586{col 40}{space 1}   -0.82{col 49}{space 3}0.412{col 57}{space 4}-3.777834{col 70}{space 3} 1.549937
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2}-.3446215{col 29}{space 2}   1.1384{col 40}{space 1}   -0.30{col 49}{space 3}0.762{col 57}{space 4}-2.578414{col 70}{space 3} 1.889171
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} -.742956{col 29}{space 2} .9621979{col 40}{space 1}   -0.77{col 49}{space 3}0.440{col 57}{space 4}-2.631002{col 70}{space 3} 1.145089
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .4225547{col 29}{space 2}  1.00744{col 40}{space 1}    0.42{col 49}{space 3}0.675{col 57}{space 4}-1.554266{col 70}{space 3} 2.399375
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-1.254846{col 29}{space 2} 1.100155{col 40}{space 1}   -1.14{col 49}{space 3}0.254{col 57}{space 4}-3.413594{col 70}{space 3} .9039022
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.9745946{col 29}{space 2} .8165003{col 40}{space 1}   -1.19{col 49}{space 3}0.233{col 57}{space 4}-2.576749{col 70}{space 3} .6275598
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} 1.546017{col 29}{space 2} .9661128{col 40}{space 1}    1.60{col 49}{space 3}0.110{col 57}{space 4}-.3497106{col 70}{space 3} 3.441744
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} 1.418343{col 29}{space 2} 1.009093{col 40}{space 1}    1.41{col 49}{space 3}0.160{col 57}{space 4}-.5617203{col 70}{space 3} 3.398406
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 7.99e-09{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-1.57e-08{col 70}{space 3} 1.57e-08
{txt}{space 13}2  {c |}{col 17}{res}{space 2} 1.088576{col 29}{space 2} .5832574{col 40}{space 1}    1.87{col 49}{space 3}0.062{col 57}{space 4}-.0559044{col 70}{space 3} 2.233056
{txt}{space 13}3  {c |}{col 17}{res}{space 2} 1.577158{col 29}{space 2} .5148963{col 40}{space 1}    3.06{col 49}{space 3}0.002{col 57}{space 4} .5668174{col 70}{space 3} 2.587499
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.3690719{col 29}{space 2} .5837521{col 40}{space 1}   -0.63{col 49}{space 3}0.527{col 57}{space 4}-1.514523{col 70}{space 3} .7763791
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-77.68792{col 29}{space 2} 37.21389{col 40}{space 1}   -2.09{col 49}{space 3}0.037{col 57}{space 4}-150.7098{col 70}{space 3} -4.66602
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    Residual degrees of freedom for t tests and F tests = {res}1052
{txt}
    F(,) and Prob > F above only account for one-way clustering on case_num.
      Use {helpb test} to compute F(,) and Prob > F that account for 2-way clustering.

{com}. **Model 11**

. vcemway reg ln_total_pay revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.dist_num i.area_of_law year_1 year_2 year_3 year_4 , cluster (case_num atty_num)
{res}
{txt}Linear regression                               Number of obs     = {res}     2,339
                                                {txt}F(30, 1587)       =  {res}     9.46
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1693
                                                {txt}Root MSE          =    {res}  6.015

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}   ln_total_pay{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2}-.6870741{col 29}{space 2} .3612439{col 40}{space 1}   -1.90{col 49}{space 3}0.057{col 57}{space 4}-1.395915{col 70}{space 3} .0217666
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2} 2.130636{col 29}{space 2} .8354195{col 40}{space 1}    2.55{col 49}{space 3}0.011{col 57}{space 4} .4913576{col 70}{space 3} 3.769914
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 3.654375{col 29}{space 2} .6971772{col 40}{space 1}    5.24{col 49}{space 3}0.000{col 57}{space 4} 2.286359{col 70}{space 3} 5.022391
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} 1.719497{col 29}{space 2} .4381009{col 40}{space 1}    3.92{col 49}{space 3}0.000{col 57}{space 4} .8598459{col 70}{space 3} 2.579148
{txt}partisan_change {c |}{col 17}{res}{space 2} .1470133{col 29}{space 2} .5512862{col 40}{space 1}    0.27{col 49}{space 3}0.790{col 57}{space 4}-.9347324{col 70}{space 3} 1.228759
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0064061{col 29}{space 2} .0037999{col 40}{space 1}   -1.69{col 49}{space 3}0.092{col 57}{space 4}-.0138624{col 70}{space 3} .0010502
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0201527{col 29}{space 2} .0204537{col 40}{space 1}    0.99{col 49}{space 3}0.325{col 57}{space 4}-.0199821{col 70}{space 3} .0602874
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.0468574{col 29}{space 2} .3571517{col 40}{space 1}   -0.13{col 49}{space 3}0.896{col 57}{space 4}-.7476681{col 70}{space 3} .6539533
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 10}cdca  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 6.25e-07{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-1.23e-06{col 70}{space 3} 1.23e-06
{txt}{space 12}dc  {c |}{col 17}{res}{space 2} 1.804568{col 29}{space 2} .9611748{col 40}{space 1}    1.88{col 49}{space 3}0.061{col 57}{space 4}-.0814696{col 70}{space 3} 3.690606
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} 1.784621{col 29}{space 2} 1.010327{col 40}{space 1}    1.77{col 49}{space 3}0.078{col 57}{space 4}-.1978646{col 70}{space 3} 3.767107
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2} 1.732745{col 29}{space 2} 1.023508{col 40}{space 1}    1.69{col 49}{space 3}0.091{col 57}{space 4}-.2756054{col 70}{space 3} 3.741095
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-1.354848{col 29}{space 2} 1.085802{col 40}{space 1}   -1.25{col 49}{space 3}0.212{col 57}{space 4}-3.485431{col 70}{space 3} .7757354
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} 2.012412{col 29}{space 2} .9697751{col 40}{space 1}    2.08{col 49}{space 3}0.038{col 57}{space 4} .1094982{col 70}{space 3} 3.915325
{txt}{space 12}md  {c |}{col 17}{res}{space 2} 1.680064{col 29}{space 2} 1.348097{col 40}{space 1}    1.25{col 49}{space 3}0.213{col 57}{space 4}-.9652011{col 70}{space 3} 4.325329
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} 1.198069{col 29}{space 2} .9662214{col 40}{space 1}    1.24{col 49}{space 3}0.215{col 57}{space 4}-.6978712{col 70}{space 3}  3.09401
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}-.6289414{col 29}{space 2} 1.299022{col 40}{space 1}   -0.48{col 49}{space 3}0.628{col 57}{space 4} -3.17791{col 70}{space 3} 1.920027
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2}-.2561491{col 29}{space 2} 1.112449{col 40}{space 1}   -0.23{col 49}{space 3}0.818{col 57}{space 4} -2.43902{col 70}{space 3} 1.926722
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2}-.6952835{col 29}{space 2} .9350826{col 40}{space 1}   -0.74{col 49}{space 3}0.457{col 57}{space 4}-2.530123{col 70}{space 3} 1.139556
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .7017834{col 29}{space 2} 1.000207{col 40}{space 1}    0.70{col 49}{space 3}0.483{col 57}{space 4}-1.260843{col 70}{space 3}  2.66441
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-1.366881{col 29}{space 2} 1.071589{col 40}{space 1}   -1.28{col 49}{space 3}0.202{col 57}{space 4}-3.469576{col 70}{space 3} .7358131
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.7923699{col 29}{space 2} .8136286{col 40}{space 1}   -0.97{col 49}{space 3}0.330{col 57}{space 4} -2.38889{col 70}{space 3} .8041497
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} 1.624321{col 29}{space 2} .9658574{col 40}{space 1}    1.68{col 49}{space 3}0.093{col 57}{space 4}-.2709055{col 70}{space 3} 3.519547
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} 1.400284{col 29}{space 2} .9839424{col 40}{space 1}    1.42{col 49}{space 3}0.155{col 57}{space 4}-.5304291{col 70}{space 3} 3.330997
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 6.65e-06{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4} -.000013{col 70}{space 3}  .000013
{txt}{space 13}2  {c |}{col 17}{res}{space 2} .9062605{col 29}{space 2} .5795385{col 40}{space 1}    1.56{col 49}{space 3}0.118{col 57}{space 4}-.2309225{col 70}{space 3} 2.043443
{txt}{space 13}3  {c |}{col 17}{res}{space 2} 1.608379{col 29}{space 2} .5151842{col 40}{space 1}    3.12{col 49}{space 3}0.002{col 57}{space 4} .5974735{col 70}{space 3} 2.619285
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.4000696{col 29}{space 2} .5775095{col 40}{space 1}   -0.69{col 49}{space 3}0.489{col 57}{space 4}-1.533271{col 70}{space 3}  .733132
{txt}{space 15} {c |}
{space 9}year_1 {c |}{col 17}{res}{space 2}-.2198871{col 29}{space 2} .2252661{col 40}{space 1}   -0.98{col 49}{space 3}0.329{col 57}{space 4} -.661909{col 70}{space 3} .2221349
{txt}{space 9}year_2 {c |}{col 17}{res}{space 2} .7274811{col 29}{space 2} 1.517579{col 40}{space 1}    0.48{col 49}{space 3}0.632{col 57}{space 4}-2.250344{col 70}{space 3} 3.705306
{txt}{space 9}year_3 {c |}{col 17}{res}{space 2}-.1270584{col 29}{space 2} 5.184918{col 40}{space 1}   -0.02{col 49}{space 3}0.980{col 57}{space 4}-10.30102{col 70}{space 3}  10.0469
{txt}{space 9}year_4 {c |}{col 17}{res}{space 2}-2.860442{col 29}{space 2} 6.017749{col 40}{space 1}   -0.48{col 49}{space 3}0.635{col 57}{space 4} -14.6686{col 70}{space 3} 8.947716
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 409.1966{col 29}{space 2} 449.3027{col 40}{space 1}    0.91{col 49}{space 3}0.363{col 57}{space 4}-472.4348{col 70}{space 3} 1290.828
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    Residual degrees of freedom for t tests and F tests = {res}1052
{txt}
    F(,) and Prob > F above only account for one-way clustering on case_num.
      Use {helpb test} to compute F(,) and Prob > F that account for 2-way clustering.

{com}. **Model 12**

. vcemway reg ln_total_pay revolver fin_inst us_pubcomp nlj_500  partisan_change rev_predv2 i.dist_num i.area_of_law year_1 year_2 year_3 year_4 , cluster (case_num atty_num)
{res}
{txt}Linear regression                               Number of obs     = {res}     2,339
                                                {txt}F(28, 1587)       =  {res}     9.95
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1676
                                                {txt}Root MSE          =    {res} 6.0186

{txt}{ralign 81:(Std. Err. adjusted for clustering on case_num atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}   ln_total_pay{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}revolver {c |}{col 17}{res}{space 2}-.6935193{col 29}{space 2} .3659259{col 40}{space 1}   -1.90{col 49}{space 3}0.058{col 57}{space 4}-1.411547{col 70}{space 3} .0245084
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2}  2.15969{col 29}{space 2} .8354816{col 40}{space 1}    2.58{col 49}{space 3}0.010{col 57}{space 4} .5202896{col 70}{space 3}  3.79909
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 3.676942{col 29}{space 2} .6944325{col 40}{space 1}    5.29{col 49}{space 3}0.000{col 57}{space 4} 2.314311{col 70}{space 3} 5.039572
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} 1.746718{col 29}{space 2} .4383694{col 40}{space 1}    3.98{col 49}{space 3}0.000{col 57}{space 4} .8865406{col 70}{space 3} 2.606896
{txt}partisan_change {c |}{col 17}{res}{space 2} .1696654{col 29}{space 2} .5475941{col 40}{space 1}    0.31{col 49}{space 3}0.757{col 57}{space 4}-.9048356{col 70}{space 3} 1.244166
{txt}{space 5}rev_predv2 {c |}{col 17}{res}{space 2} 1.392115{col 29}{space 2} 1.068687{col 40}{space 1}    1.30{col 49}{space 3}0.193{col 57}{space 4}-.7048862{col 70}{space 3} 3.489116
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 10}cdca  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 3.88e-10{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-7.61e-10{col 70}{space 3} 7.61e-10
{txt}{space 12}dc  {c |}{col 17}{res}{space 2} 1.857687{col 29}{space 2} .9557135{col 40}{space 1}    1.94{col 49}{space 3}0.052{col 57}{space 4}-.0176342{col 70}{space 3} 3.733009
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} 1.520354{col 29}{space 2}   1.0236{col 40}{space 1}    1.49{col 49}{space 3}0.138{col 57}{space 4}-.4881762{col 70}{space 3} 3.528883
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2} 1.674146{col 29}{space 2}  1.02138{col 40}{space 1}    1.64{col 49}{space 3}0.101{col 57}{space 4}-.3300275{col 70}{space 3} 3.678319
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-1.308444{col 29}{space 2} 1.091599{col 40}{space 1}   -1.20{col 49}{space 3}0.231{col 57}{space 4}-3.450403{col 70}{space 3} .8335143
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} 1.827834{col 29}{space 2} .9526676{col 40}{space 1}    1.92{col 49}{space 3}0.055{col 57}{space 4}-.0415105{col 70}{space 3} 3.697179
{txt}{space 12}md  {c |}{col 17}{res}{space 2} 1.682447{col 29}{space 2} 1.347721{col 40}{space 1}    1.25{col 49}{space 3}0.212{col 57}{space 4}-.9620806{col 70}{space 3} 4.326974
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} 1.236592{col 29}{space 2} .9632127{col 40}{space 1}    1.28{col 49}{space 3}0.199{col 57}{space 4}-.6534451{col 70}{space 3} 3.126628
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}-.6238741{col 29}{space 2} 1.307986{col 40}{space 1}   -0.48{col 49}{space 3}0.633{col 57}{space 4}-3.190432{col 70}{space 3} 1.942683
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2}-.2493173{col 29}{space 2} 1.115264{col 40}{space 1}   -0.22{col 49}{space 3}0.823{col 57}{space 4}-2.437712{col 70}{space 3} 1.939077
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} -.684598{col 29}{space 2} .9389692{col 40}{space 1}   -0.73{col 49}{space 3}0.466{col 57}{space 4}-2.527064{col 70}{space 3} 1.157867
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .6012483{col 29}{space 2} .9952065{col 40}{space 1}    0.60{col 49}{space 3}0.546{col 57}{space 4}-1.351567{col 70}{space 3} 2.554064
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-1.529378{col 29}{space 2} 1.079597{col 40}{space 1}   -1.42{col 49}{space 3}0.157{col 57}{space 4}-3.647787{col 70}{space 3} .5890298
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.7516565{col 29}{space 2} .8381236{col 40}{space 1}   -0.90{col 49}{space 3}0.370{col 57}{space 4}-2.396241{col 70}{space 3} .8929277
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} 1.403569{col 29}{space 2} .9794648{col 40}{space 1}    1.43{col 49}{space 3}0.152{col 57}{space 4}-.5183575{col 70}{space 3} 3.325496
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} 1.251603{col 29}{space 2} .9667766{col 40}{space 1}    1.29{col 49}{space 3}0.196{col 57}{space 4} -.645427{col 70}{space 3} 3.148633
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}1  {c |}{col 17}{res}{space 2}        0{col 29}{space 2} 2.63e-08{col 40}{space 1}    0.00{col 49}{space 3}1.000{col 57}{space 4}-5.16e-08{col 70}{space 3} 5.16e-08
{txt}{space 13}2  {c |}{col 17}{res}{space 2} .8190655{col 29}{space 2} .5792804{col 40}{space 1}    1.41{col 49}{space 3}0.158{col 57}{space 4} -.317611{col 70}{space 3} 1.955742
{txt}{space 13}3  {c |}{col 17}{res}{space 2} 1.556697{col 29}{space 2} .5128057{col 40}{space 1}    3.04{col 49}{space 3}0.002{col 57}{space 4} .5504589{col 70}{space 3} 2.562936
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.4311277{col 29}{space 2} .5809051{col 40}{space 1}   -0.74{col 49}{space 3}0.458{col 57}{space 4}-1.570992{col 70}{space 3} .7087368
{txt}{space 15} {c |}
{space 9}year_1 {c |}{col 17}{res}{space 2}-.2083386{col 29}{space 2} .2246893{col 40}{space 1}   -0.93{col 49}{space 3}0.354{col 57}{space 4}-.6492289{col 70}{space 3} .2325516
{txt}{space 9}year_2 {c |}{col 17}{res}{space 2} .9109644{col 29}{space 2}  1.52707{col 40}{space 1}    0.60{col 49}{space 3}0.551{col 57}{space 4}-2.085484{col 70}{space 3} 3.907413
{txt}{space 9}year_3 {c |}{col 17}{res}{space 2}-.9366891{col 29}{space 2} 5.219949{col 40}{space 1}   -0.18{col 49}{space 3}0.858{col 57}{space 4}-11.17939{col 70}{space 3} 9.306007
{txt}{space 9}year_4 {c |}{col 17}{res}{space 2}-1.610486{col 29}{space 2} 6.062949{col 40}{space 1}   -0.27{col 49}{space 3}0.791{col 57}{space 4}-13.50733{col 70}{space 3} 10.28636
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 425.1978{col 29}{space 2} 450.2433{col 40}{space 1}    0.94{col 49}{space 3}0.345{col 57}{space 4}-458.2792{col 70}{space 3} 1308.675
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Notes:
    Std. Err. adjusted for 2-way clustering on case_num atty_num
      Number of clusters in case_num     = {res}1588
{txt}      Number of clusters in atty_num     = {res}1053
{txt}
    Stata's default small-cluster correction factors have been applied. See {helpb vcemway} for detail.

    Residual degrees of freedom for t tests and F tests = {res}1052
{txt}
    F(,) and Prob > F above only account for one-way clustering on case_num.
      Use {helpb test} to compute F(,) and Prob > F that account for 2-way clustering.

{com}. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\banks\Dropbox\White-collar JLC\r and r\replication material\replication.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res} 9 Mar 2026, 09:33:39
{txt}{.-}
{smcl}
{txt}{sf}{ul off}{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\banks\Dropbox\White-collar JLC\r and r\replication material\replication.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res} 9 Mar 2026, 10:18:21

{com}. **Model 5A**

. mlogit lenient revolver fin_inst us_pubcomp nlj_500  partisan_change law_school_rank bar_admit woman i.area_of_law i.dist_num year_1 year_2 year_3 year_4 , cluster (atty_num)

{res}{txt}Iteration 0:{space 3}log pseudolikelihood = {res:-1435.7742}  
Iteration 1:{space 3}log pseudolikelihood = {res:-1177.8791}  
Iteration 2:{space 3}log pseudolikelihood = {res:-1159.8985}  
Iteration 3:{space 3}log pseudolikelihood = {res:-1159.5018}  
Iteration 4:{space 3}log pseudolikelihood = {res:-1159.5008}  
Iteration 5:{space 3}log pseudolikelihood = {res:-1159.5008}  
{res}
{txt}Multinomial logistic regression{col 49}Number of obs{col 67}= {res}     2,339
{txt}{col 49}Wald chi2({res}30{txt}){col 67}= {res}    267.91
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1159.5008{txt}{col 49}Pseudo R2{col 67}= {res}    0.1924

{txt}{ralign 81:(Std. Err. adjusted for {res:1,053} clusters in atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}        lenient{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0              {col 17}{txt}{c |}  (base outcome)
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1               {txt}{c |}
{space 7}revolver {c |}{col 17}{res}{space 2} .3981387{col 29}{space 2} .1553791{col 40}{space 1}    2.56{col 49}{space 3}0.010{col 57}{space 4} .0936013{col 70}{space 3} .7026761
{txt}{space 7}fin_inst {c |}{col 17}{res}{space 2}  .446472{col 29}{space 2} .2184552{col 40}{space 1}    2.04{col 49}{space 3}0.041{col 57}{space 4} .0183077{col 70}{space 3} .8746363
{txt}{space 5}us_pubcomp {c |}{col 17}{res}{space 2} 1.365819{col 29}{space 2} .1817498{col 40}{space 1}    7.51{col 49}{space 3}0.000{col 57}{space 4} 1.009596{col 70}{space 3} 1.722042
{txt}{space 8}nlj_500 {c |}{col 17}{res}{space 2} .3401025{col 29}{space 2}  .173635{col 40}{space 1}    1.96{col 49}{space 3}0.050{col 57}{space 4}-.0002158{col 70}{space 3} .6804209
{txt}partisan_change {c |}{col 17}{res}{space 2}-1.216303{col 29}{space 2} .4151008{col 40}{space 1}   -2.93{col 49}{space 3}0.003{col 57}{space 4}-2.029886{col 70}{space 3}-.4027202
{txt}law_school_rank {c |}{col 17}{res}{space 2}-.0026727{col 29}{space 2} .0016826{col 40}{space 1}   -1.59{col 49}{space 3}0.112{col 57}{space 4}-.0059705{col 70}{space 3} .0006251
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2}-.0102584{col 29}{space 2} .0084287{col 40}{space 1}   -1.22{col 49}{space 3}0.224{col 57}{space 4}-.0267784{col 70}{space 3} .0062615
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.1134599{col 29}{space 2}  .162091{col 40}{space 1}   -0.70{col 49}{space 3}0.484{col 57}{space 4}-.4311525{col 70}{space 3} .2042327
{txt}{space 15} {c |}
{space 4}area_of_law {c |}
{space 13}2  {c |}{col 17}{res}{space 2}-1.013634{col 29}{space 2} .2450512{col 40}{space 1}   -4.14{col 49}{space 3}0.000{col 57}{space 4}-1.493925{col 70}{space 3} -.533342
{txt}{space 13}3  {c |}{col 17}{res}{space 2} -2.20135{col 29}{space 2} .2779066{col 40}{space 1}   -7.92{col 49}{space 3}0.000{col 57}{space 4}-2.746037{col 70}{space 3}-1.656663
{txt}{space 13}4  {c |}{col 17}{res}{space 2}-.5767412{col 29}{space 2} .1931125{col 40}{space 1}   -2.99{col 49}{space 3}0.003{col 57}{space 4}-.9552347{col 70}{space 3}-.1982477
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 12}dc  {c |}{col 17}{res}{space 2} .5936778{col 29}{space 2} .3718933{col 40}{space 1}    1.60{col 49}{space 3}0.110{col 57}{space 4}-.1352196{col 70}{space 3} 1.322575
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .3901173{col 29}{space 2} .2854606{col 40}{space 1}    1.37{col 49}{space 3}0.172{col 57}{space 4}-.1693753{col 70}{space 3} .9496098
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2}-.4961399{col 29}{space 2} .4668855{col 40}{space 1}   -1.06{col 49}{space 3}0.288{col 57}{space 4}-1.411219{col 70}{space 3} .4189388
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.2421828{col 29}{space 2}  .475171{col 40}{space 1}   -0.51{col 49}{space 3}0.610{col 57}{space 4}-1.173501{col 70}{space 3} .6891353
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .1805807{col 29}{space 2} .3160356{col 40}{space 1}    0.57{col 49}{space 3}0.568{col 57}{space 4}-.4388377{col 70}{space 3} .7999992
{txt}{space 12}md  {c |}{col 17}{res}{space 2} .0250369{col 29}{space 2} .3603196{col 40}{space 1}    0.07{col 49}{space 3}0.945{col 57}{space 4}-.6811765{col 70}{space 3} .7312504
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} .0908527{col 29}{space 2} .3338574{col 40}{space 1}    0.27{col 49}{space 3}0.786{col 57}{space 4}-.5634959{col 70}{space 3} .7452013
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}   .46279{col 29}{space 2} .4253315{col 40}{space 1}    1.09{col 49}{space 3}0.277{col 57}{space 4}-.3708444{col 70}{space 3} 1.296424
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2} .3758452{col 29}{space 2} .4135686{col 40}{space 1}    0.91{col 49}{space 3}0.363{col 57}{space 4}-.4347343{col 70}{space 3} 1.186425
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2} 1.068134{col 29}{space 2} .5755643{col 40}{space 1}    1.86{col 49}{space 3}0.063{col 57}{space 4}-.0599509{col 70}{space 3}  2.19622
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .0670141{col 29}{space 2}  .320068{col 40}{space 1}    0.21{col 49}{space 3}0.834{col 57}{space 4}-.5603076{col 70}{space 3} .6943359
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2} .0977085{col 29}{space 2} .3501446{col 40}{space 1}    0.28{col 49}{space 3}0.780{col 57}{space 4}-.5885624{col 70}{space 3} .7839794
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.5818582{col 29}{space 2} .3584538{col 40}{space 1}   -1.62{col 49}{space 3}0.105{col 57}{space 4}-1.284415{col 70}{space 3} .1206984
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .4833653{col 29}{space 2} .2823912{col 40}{space 1}    1.71{col 49}{space 3}0.087{col 57}{space 4}-.0701112{col 70}{space 3} 1.036842
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2} .7581642{col 29}{space 2} .4138309{col 40}{space 1}    1.83{col 49}{space 3}0.067{col 57}{space 4}-.0529294{col 70}{space 3} 1.569258
{txt}{space 15} {c |}
{space 9}year_1 {c |}{col 17}{res}{space 2} .2050672{col 29}{space 2} .1287599{col 40}{space 1}    1.59{col 49}{space 3}0.111{col 57}{space 4}-.0472976{col 70}{space 3}  .457432
{txt}{space 9}year_2 {c |}{col 17}{res}{space 2}-.8655621{col 29}{space 2} .6947489{col 40}{space 1}   -1.25{col 49}{space 3}0.213{col 57}{space 4}-2.227245{col 70}{space 3} .4961207
{txt}{space 9}year_3 {c |}{col 17}{res}{space 2} 2.516755{col 29}{space 2} 2.148742{col 40}{space 1}    1.17{col 49}{space 3}0.241{col 57}{space 4}-1.694702{col 70}{space 3} 6.728212
{txt}{space 9}year_4 {c |}{col 17}{res}{space 2} -2.23681{col 29}{space 2} 2.229932{col 40}{space 1}   -1.00{col 49}{space 3}0.316{col 57}{space 4}-6.607397{col 70}{space 3} 2.133776
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-391.7683{col 29}{space 2} 254.7809{col 40}{space 1}   -1.54{col 49}{space 3}0.124{col 57}{space 4}-891.1296{col 70}{space 3} 107.5931
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. **Model 6A**

. logit revolver law_school_rank bar woman i.dist_num i.year, cl(atty_num)

{res}{txt}Iteration 0:{space 3}log pseudolikelihood = {res:-1643.3371}  
Iteration 1:{space 3}log pseudolikelihood = {res:-1395.1806}  
Iteration 2:{space 3}log pseudolikelihood = {res:-1389.4577}  
Iteration 3:{space 3}log pseudolikelihood = {res:-1389.4492}  
Iteration 4:{space 3}log pseudolikelihood = {res:-1389.4492}  
{res}
{txt}Logistic regression{col 49}Number of obs{col 67}= {res}     2,431
{txt}{col 49}Wald chi2({res}42{txt}){col 67}= {res}    157.43
{txt}{col 49}Prob > chi2{col 67}= {res}    0.0000
{txt}Log pseudolikelihood = {res}-1389.4492{txt}{col 49}Pseudo R2{col 67}= {res}    0.1545

{txt}{ralign 81:(Std. Err. adjusted for {res:1,086} clusters in atty_num)}
{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 1}       revolver{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
law_school_rank {c |}{col 17}{res}{space 2}-.0032578{col 29}{space 2} .0022617{col 40}{space 1}   -1.44{col 49}{space 3}0.150{col 57}{space 4}-.0076906{col 70}{space 3}  .001175
{txt}{space 6}bar_admit {c |}{col 17}{res}{space 2} .0769899{col 29}{space 2} .0112302{col 40}{space 1}    6.86{col 49}{space 3}0.000{col 57}{space 4} .0549791{col 70}{space 3} .0990007
{txt}{space 10}woman {c |}{col 17}{res}{space 2}-.7412294{col 29}{space 2} .2063246{col 40}{space 1}   -3.59{col 49}{space 3}0.000{col 57}{space 4}-1.145618{col 70}{space 3}-.3368406
{txt}{space 15} {c |}
{space 7}dist_num {c |}
{space 12}dc  {c |}{col 17}{res}{space 2} -.007188{col 29}{space 2} .4970512{col 40}{space 1}   -0.01{col 49}{space 3}0.988{col 57}{space 4}-.9813905{col 70}{space 3} .9670144
{txt}{space 10}edny  {c |}{col 17}{res}{space 2} .7801885{col 29}{space 2} .5100801{col 40}{space 1}    1.53{col 49}{space 3}0.126{col 57}{space 4}-.2195502{col 70}{space 3} 1.779927
{txt}{space 10}edpa  {c |}{col 17}{res}{space 2} .0883281{col 29}{space 2} .5077817{col 40}{space 1}    0.17{col 49}{space 3}0.862{col 57}{space 4}-.9069059{col 70}{space 3} 1.083562
{txt}{space 10}edva  {c |}{col 17}{res}{space 2}-.3787481{col 29}{space 2} .5198336{col 40}{space 1}   -0.73{col 49}{space 3}0.466{col 57}{space 4}-1.397603{col 70}{space 3}  .640107
{txt}{space 10}mass  {c |}{col 17}{res}{space 2} .6652127{col 29}{space 2} .5631762{col 40}{space 1}    1.18{col 49}{space 3}0.238{col 57}{space 4}-.4385924{col 70}{space 3} 1.769018
{txt}{space 12}md  {c |}{col 17}{res}{space 2}-.2704605{col 29}{space 2} .6194298{col 40}{space 1}   -0.44{col 49}{space 3}0.662{col 57}{space 4}-1.484521{col 70}{space 3} .9435995
{txt}{space 10}ndca  {c |}{col 17}{res}{space 2} -.163355{col 29}{space 2} .4879688{col 40}{space 1}   -0.33{col 49}{space 3}0.738{col 57}{space 4}-1.119756{col 70}{space 3} .7930462
{txt}{space 10}ndga  {c |}{col 17}{res}{space 2}-.0585826{col 29}{space 2} .7034882{col 40}{space 1}   -0.08{col 49}{space 3}0.934{col 57}{space 4}-1.437394{col 70}{space 3} 1.320229
{txt}{space 10}ndil  {c |}{col 17}{res}{space 2}-.3849924{col 29}{space 2} .4905172{col 40}{space 1}   -0.78{col 49}{space 3}0.433{col 57}{space 4}-1.346388{col 70}{space 3} .5764036
{txt}{space 10}ndtx  {c |}{col 17}{res}{space 2}-.4066946{col 29}{space 2} .6242839{col 40}{space 1}   -0.65{col 49}{space 3}0.515{col 57}{space 4}-1.630268{col 70}{space 3} .8168793
{txt}{space 12}nj  {c |}{col 17}{res}{space 2} .0213246{col 29}{space 2} .4667801{col 40}{space 1}    0.05{col 49}{space 3}0.964{col 57}{space 4}-.8935477{col 70}{space 3} .9361968
{txt}{space 10}sdca  {c |}{col 17}{res}{space 2}-.1318289{col 29}{space 2} .5395402{col 40}{space 1}   -0.24{col 49}{space 3}0.807{col 57}{space 4}-1.189308{col 70}{space 3} .9256504
{txt}{space 10}sdfl  {c |}{col 17}{res}{space 2}-.8322403{col 29}{space 2} .4736999{col 40}{space 1}   -1.76{col 49}{space 3}0.079{col 57}{space 4}-1.760675{col 70}{space 3} .0961945
{txt}{space 10}sdny  {c |}{col 17}{res}{space 2} .7445656{col 29}{space 2} .4342239{col 40}{space 1}    1.71{col 49}{space 3}0.086{col 57}{space 4}-.1064976{col 70}{space 3} 1.595629
{txt}{space 10}sdtx  {c |}{col 17}{res}{space 2}-.2825884{col 29}{space 2} .5321203{col 40}{space 1}   -0.53{col 49}{space 3}0.595{col 57}{space 4}-1.325525{col 70}{space 3} .7603483
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}2002  {c |}{col 17}{res}{space 2}-.6612621{col 29}{space 2} .4234367{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-1.491183{col 70}{space 3} .1686585
{txt}{space 10}2003  {c |}{col 17}{res}{space 2}-.6399849{col 29}{space 2} .4511697{col 40}{space 1}   -1.42{col 49}{space 3}0.156{col 57}{space 4}-1.524261{col 70}{space 3} .2442915
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} .0474288{col 29}{space 2} .4295187{col 40}{space 1}    0.11{col 49}{space 3}0.912{col 57}{space 4}-.7944123{col 70}{space 3} .8892699
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-.6810378{col 29}{space 2} .3940301{col 40}{space 1}   -1.73{col 49}{space 3}0.084{col 57}{space 4}-1.453323{col 70}{space 3} .0912469
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-.7833953{col 29}{space 2} .4288855{col 40}{space 1}   -1.83{col 49}{space 3}0.068{col 57}{space 4}-1.623995{col 70}{space 3} .0572048
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} -.941316{col 29}{space 2} .3977757{col 40}{space 1}   -2.37{col 49}{space 3}0.018{col 57}{space 4}-1.720942{col 70}{space 3}  -.16169
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-.9760728{col 29}{space 2} .3803528{col 40}{space 1}   -2.57{col 49}{space 3}0.010{col 57}{space 4}-1.721551{col 70}{space 3} -.230595
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-1.134017{col 29}{space 2}  .415618{col 40}{space 1}   -2.73{col 49}{space 3}0.006{col 57}{space 4}-1.948613{col 70}{space 3} -.319421
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-.8310951{col 29}{space 2} .3979042{col 40}{space 1}   -2.09{col 49}{space 3}0.037{col 57}{space 4}-1.610973{col 70}{space 3}-.0512173
{txt}{space 10}2011  {c |}{col 17}{res}{space 2}-1.316202{col 29}{space 2} .4145483{col 40}{space 1}   -3.18{col 49}{space 3}0.001{col 57}{space 4}-2.128702{col 70}{space 3}-.5037024
{txt}{space 10}2012  {c |}{col 17}{res}{space 2}-1.341379{col 29}{space 2} .4079837{col 40}{space 1}   -3.29{col 49}{space 3}0.001{col 57}{space 4}-2.141013{col 70}{space 3} -.541746
{txt}{space 10}2013  {c |}{col 17}{res}{space 2}-1.788416{col 29}{space 2} .4274285{col 40}{space 1}   -4.18{col 49}{space 3}0.000{col 57}{space 4} -2.62616{col 70}{space 3} -.950671
{txt}{space 10}2014  {c |}{col 17}{res}{space 2} -1.48354{col 29}{space 2}  .437365{col 40}{space 1}   -3.39{col 49}{space 3}0.001{col 57}{space 4} -2.34076{col 70}{space 3}-.6263208
{txt}{space 10}2015  {c |}{col 17}{res}{space 2}-1.473722{col 29}{space 2} .4505767{col 40}{space 1}   -3.27{col 49}{space 3}0.001{col 57}{space 4}-2.356836{col 70}{space 3}-.5906079
{txt}{space 10}2016  {c |}{col 17}{res}{space 2}-1.740914{col 29}{space 2} .4287711{col 40}{space 1}   -4.06{col 49}{space 3}0.000{col 57}{space 4} -2.58129{col 70}{space 3}-.9005383
{txt}{space 10}2017  {c |}{col 17}{res}{space 2}-1.526543{col 29}{space 2}  .436732{col 40}{space 1}   -3.50{col 49}{space 3}0.000{col 57}{space 4}-2.382522{col 70}{space 3}-.6705637
{txt}{space 10}2018  {c |}{col 17}{res}{space 2}-2.028653{col 29}{space 2} .4512496{col 40}{space 1}   -4.50{col 49}{space 3}0.000{col 57}{space 4}-2.913086{col 70}{space 3} -1.14422
{txt}{space 10}2019  {c |}{col 17}{res}{space 2}-1.304815{col 29}{space 2}  .438064{col 40}{space 1}   -2.98{col 49}{space 3}0.003{col 57}{space 4}-2.163405{col 70}{space 3}-.4462258
{txt}{space 10}2020  {c |}{col 17}{res}{space 2}-1.740775{col 29}{space 2} .4598769{col 40}{space 1}   -3.79{col 49}{space 3}0.000{col 57}{space 4}-2.642117{col 70}{space 3}-.8394329
{txt}{space 10}2021  {c |}{col 17}{res}{space 2}-3.116992{col 29}{space 2} .5196928{col 40}{space 1}   -6.00{col 49}{space 3}0.000{col 57}{space 4}-4.135571{col 70}{space 3}-2.098412
{txt}{space 10}2022  {c |}{col 17}{res}{space 2}-2.483551{col 29}{space 2} .5705593{col 40}{space 1}   -4.35{col 49}{space 3}0.000{col 57}{space 4}-3.601827{col 70}{space 3}-1.365275
{txt}{space 10}2023  {c |}{col 17}{res}{space 2}-3.102987{col 29}{space 2} .5443661{col 40}{space 1}   -5.70{col 49}{space 3}0.000{col 57}{space 4}-4.169925{col 70}{space 3}-2.036049
{txt}{space 10}2024  {c |}{col 17}{res}{space 2}-4.172766{col 29}{space 2} .5526447{col 40}{space 1}   -7.55{col 49}{space 3}0.000{col 57}{space 4} -5.25593{col 70}{space 3}-3.089602
{txt}{space 10}2025  {c |}{col 17}{res}{space 2} -3.79355{col 29}{space 2} .9157365{col 40}{space 1}   -4.14{col 49}{space 3}0.000{col 57}{space 4}-5.588361{col 70}{space 3} -1.99874
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}-152.3048{col 29}{space 2} 22.37418{col 40}{space 1}   -6.81{col 49}{space 3}0.000{col 57}{space 4}-196.1574{col 70}{space 3}-108.4522
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

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